MOSCOW, Dec 10 (PRIME) – The Russian stocks increased on Thursday on the back of growing oil prices and foreign markets, analysts said.
The MOEX Russia Index grew 1.45% to 3,258.31, and the RTS index rose 2.35% to 1,404.68.
"By the middle of trading session, the Russian stock market indices started to rise and set new highs after a small dip at the beginning," Yelena Kozhukhova, analyst at Veles Capital, said.
Yekaterina Krylova at Promsvyazbank said that Brent did not continue its downward trend in spite of a significant growth of U.S. crude reserves reported by the Energy Department.
"The news about the start of vaccination in the U.K. and hopes for a quick approval of the vaccine in the U.S. have again stimulated risk appetite and neutralized weak statistics that reflected a lackluster picture of fuel demand," the analyst said.
Kozhukhova said that the European and U.S. markets were in a moderately positive mood with the Euro Stoxx 50 adding 0.3%, S&P 500 0.1% as the U.S. is to approve vaccination with a Pfizer vaccine in a few days.
According to Kozhukhova, Qiwi's depositary receipts dropped 21.28% after the central bank imposed restrictions on payments by Qiwi Bank to foreign trade companies and prepaid corporate cards. Qiwi was fined for 11 million rubles.
VTB shares rose 2.02% after reaching a support level of 3.70 kopecks, the analyst said.
Below are the MOEX Russia Index’ five most active stocks on Thursday:
| Company | Change, % | Last price, rbl | Trading volume, bln rbl |
|---|---|---|---|
| Sberbank | +1.78 | 281.81 | 19.548 |
| Lukoil | +5.82 | 5315.5 | 11.801 |
| Gazprom | +2.09 | 193.3 | 9.524 |
| Norilsk Nickel | +3.8 | 24050 | 8.765 |
| Magnit | -0.93 | 5334 | 4.681 |
(73.3057 rubles – U.S. $1)
End %%mk/jst%%
|
|
